The January transfer window usually isn't the most exciting time to be an Arsenal supporter, but with a top four finish slipping away and the clock ticking on several current Gunners' contracts, a flurry of transfer activity could be on the horizon.

Real Madrid are reported to have Arsenal and Chile forward Alexis Sanchez on a shortlist of three superstar signings, with the club president desperate for a goalscoring arrival to inject life into the side after a slow start.

With Cristiano Ronaldo reportedly set to leave Real Madrid after being accused of tax fraud, a football finance expert has worked out which Premier League teams could, in theory, afford the superstar this summer, and shockingly, Arsenal's one of them.

Arsenal legend, Sol Campbell, spoke recently ahead of the Champions League final between Juventus and Real Madrid and revealed that he believes the Italian Serie A giants have a chance of avenging their defeat in the 2015 final as they have better firepower.

When James Rodriguez was leaving the pitch on Sunday, it certainly looked like that was his last game for Real Madrid at the Santiago Bernabeu and it seems like he's off to Manchester United despite links with Arsenal.

Former footballer turned pundit, Stan Collymore, has urged Arsène Wenger to make a superstar move for Real Madrid's Gareth Bale so if you're wondering why people are talking about Bale to Arsenal - this is why - Stan bloody Collymore.

Despite the window closing and Alvaro Morata only just returning to Real Madrid, who opted against selling him on to make money so they could keep him to score goals, Arsenal and Chelsea are said to be following the player closely according to a report that first appeared in Don Balon and was then picked up by sites across Europe.

According to Spanish newspaper Sport, Isco could potentially be set for a departure from Real Madrid in the January transfer window - and Arsenal have been linked with a move for the Spaniard's services in the past, so should they move for him?

With Arsene Wenger confirming that he has turned down approaches from PSG on three occasions to stay at the club, it was only a matter of time before stories of other clubs approaching him started to emerge.

Despite Real Madrid reportedly telling James Rodriguez that he would be staying at the La Liga club, Arsenal (and Chelsea) are still being linked and the media are convinced that Zinedine Zidane wants him out.

According to the Daily Mail, Robert Lewandowski is open to a move away from the Bundesliga and while his preferred destination is Real Madrid, Manchester United or Liverpool, some are still linking Arsenal.